Trends in residential property markets in NIgeria : empirical evidence in Abuja
Makama, Basil and David Ishava
Nigeria, as a developing nation with an economy in transition, has experienced reforms in both her economic and political terrain, which has caused changes in the residential property sector. This paper discussed the cyclical dynamics that took place in the Abuja property market from 1976 2006; in terms of property type demand, its availability, and rental values within those years and related them to presents day realities. Stochastic methods (time series), was used to analyze the data collected to forecast future patterns of the property markets. The paper concludes by identifying the major issues that affected demand and supply of residential properties and its likely influence on the Abuja Property Markets.
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